Reply to: Vote Labour rather than UKIP!

[Euler]

You're right in that there are too many MPs with their fingers in the property pie. It's like asking turkeys to vote for Christmas.

Also, getting a UK passport for a citizen of an unstable country is as simple as putting £10M down on a London property. There's your answer to the prime London bubble.

Ah you sound like you need to vote UKIP. See my sig.

[Zero Liability]

There's that, but Labour already has one crisis on its track record, in recent memory. Having yet another to its name in such a short space of time, even if much shallower, would damage its reputation even further. So I suspect they may implement some token reforms to make housing a bit more affordable to the lower end of the market, which of course will expand it, but anything risking a follow-up recession (even if necessary and healthy longer term) will be avoided like the plague. As such, if that issue concerned me, I'd have little confidence in them to do anything about it, to the extent that a vote accomplishes much at all anyway.

[TestMangler]

As meaningless as the Tories claiming unemployment has gone down, when we know everyone is on zero hours contracts or forced self employment.

Not disagreeing with you. My point was not a party political one.

[SantaClaus]

It's more that pricking the housing bubble could leave whichever government inherits it in a pretty bad position. I also don't think Labour has the ideological backbone to deviate from this model. I'm not promoting the Tories, far from it, just pointing out that there's little incentive for Labour to actually make any meaningful reforms to the system as it is. Ironically, the very proposal of a mansion tax is fuelling the housing bubble at the moment.

You're right in that there are too many MPs with their fingers in the property pie. It's like asking turkeys to vote for Christmas.

Also, getting a UK passport for a citizen of an unstable country is as simple as putting £10M down on a London property. There's your answer to the prime London bubble.

[Zero Liability]

It's more that pricking the housing bubble could leave whichever government inherits it in a pretty bad position. I also don't think Labour has the ideological backbone to deviate from this model. I'm not promoting the Tories, far from it, just pointing out that there's little incentive for Labour to actually make any meaningful reforms to the system as it is. Ironically, the very proposal of a mansion tax is fuelling the housing bubble at the moment.

[SantaClaus]

Bit if a meaningless statistic really isn't it ?

A bit like me taking your credit card over the limit and then blaming you for the size of the repayments.

As meaningless as the Tories claiming unemployment has gone down, when we know everyone is on zero hours contracts or forced self employment.

[TestMangler]

Bit if a meaningless statistic really isn't it ?

A bit like me taking your credit card over the limit and then blaming you for the size of the repayments.

[SantaClaus]

The coalition will leave more debt than all Labour governments since 1900

http://www.politics.co.uk/comment-an...bour-governmen

"The coalition has so far run up more public debt than all the Labour governments since 1900 combined.

The current government’s now responsible for £517 billion of the trillion-plus-pound UK public debt, compared to £472 billion accrued during the 33 years Labour led the country since the turn of the twentieth century."

Wonder where all that money's gone... oh I know... the pigs have got their own snouts in the trough.

[Zero Liability]

Yeah, and watch their tax proceeds implode with it. I do not think for one minute they're going to do that without some back up, half-arsed scheme to draw upon, to keep the easy money flowing. It's how they acted the last 10 years in power. They'll crow about the young not being able to afford housing but fundamentally, all they know is easy money, borrowing and deficit spending. Nothing will serve to prick the housing market other than interest rates being repriced closer to reality.

[SantaClaus]

Labour to burst luxury London property bubble just as 8,000 swanky pads go on sale - Telegraph

About time something was done about the property bubble. The young cannot afford to get on the ladder without taking on loads of debt.

If that's true, they got my vote.

[EternalOptimist]

It will be one day. But spending is all that props up the economy. One day people will realize there is no point in saving. That will be the tipping point.

I cant see it happening for decades though!

Yes, but for every borrower, there is a lender.

gradually, the lenders get the power, the upper hand.
this is a strategic issue


would you keep borrowing off your ex missus

[BrilloPad]

A reason for voting UKIP rather than labour is that UKIP understand the difference between the deficit and the National debt. I don't think this has been addressed by any of the other parties , incl the tories and esp. Labour

or is that New Labour ?

who cares.

anyways. servicing the National debt is costing each tax payer thousands per annum.
It has to be addressed

It will be one day. But spending is all that props up the economy. One day people will realize there is no point in saving. That will be the tipping point.

I cant see it happening for decades though!

[EternalOptimist]

Labour to burst luxury London property bubble just as 8,000 swanky pads go on sale - Telegraph

About time something was done about the property bubble. The young cannot afford to get on the ladder without taking on loads of debt.

A reason for voting UKIP rather than labour is that UKIP understand the difference between the deficit and the National debt. I don't think this has been addressed by any of the other parties , incl the tories and esp. Labour

or is that New Labour ?

who cares.

anyways. servicing the National debt is costing each tax payer thousands per annum.
It has to be addressed

[MicrosoftBob]

They believe they are England's second city though. And will not want to be upstaged by Manchester.

Part of the problem is that transport links, I could to Edinburgh or London by train in the same time I could get to Birmingham

[BrilloPad]

Birmingham's not the North, and surely already covered by HS2.

They believe they are England's second city though. And will not want to be upstaged by Manchester.